annual household income definition
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household income household income. Total income from all people living in a particular household. Income refers not only to the salaries and benefits received but also to receipts from any personal business, investments, dividends and other income. Furthermore, household members do not need to be related to be part of a household.
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Income Household net adjusted disposable income. Household net adjusted disposable income is the amount of money that a household earns, or gains, each year after taxes and transfers. It represents the money available to a household for spending on goods or services.
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Household income in the United States Median inflation-adjusted (real) household income generally increases and decreases with the business cycle, declining in each year during the periods 1979 through 1983, 1990 through 1993, 2000 through 2004 and 2008 through 2012, while rising in each of the intervening years.
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Household income in the United States The U.S. Census Bureau reported in September 2014 that: 1  U.S. real (inflation adjusted) median household income was $51,939 in 2013 versus $51,758 in 2012, statistically unchanged. 2  In 2013, real median household income was 8.0 percent lower than in 2007, the year before the latest recession.
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What is 'Household Income' What is 'Household Income'. Household income is the combined gross income of all the members of a household who are 15 years or older. Individuals do not have to be related in any way to be considered members of the same household. Household income is an important risk measure used by lenders for underwriting loans, as well as a useful economic indicator of an area's standard of living.
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Worldwide, Median Household Income About $10,000 Worldwide, Median Household Income About $10,000. by Glenn Phelps and Steve Crabtree. WASHINGTON, D.C. -- The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics.
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- Overall Income and Expenses. According to a 2009 United States Department of Labor survey of consumer expenditures, the average American household has 2.5 residents and a household gross income of $62,857. Annual spending totals $49,067.
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- Area Median Income is the point at which half the households in an area make less and half make more. The median annual income figures are adjusted for family size and calculated annually by the U.S. Department of Housing and Urban Development (HUD) for every regional area in the country.
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- Household disposable income. Related topics. Real household net disposable income is defined as the sum of household final consumption expenditure and savings, minus the change in net equity of households in pension funds.
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- In Korea, the average household net adjusted disposable income per capita is USD 19 372 a year, lower than the OECD average of USD 29 016. Household financial wealth is the total value of a household's financial worth, such as money or shares held in bank accounts.
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Worldwide, Median Household Income About $10,000 Country-level income closely related to Payroll to Population results. WASHINGTON, D.C. -- The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics.stimates of household income are expressed in international dollars, created using the World Bank's individual consumption PPP conversion factor, making income estimates comparable across all 131 countries. Yearly and country-level data are available through Gallup Analytics.
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gross annual income Definition of gross annual income: Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. When preparing an income tax return, the gross ...
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- The best example of this is the uniform see worn by Hitler. The Armband was worn to indicate a member of the Nazi Party.   SS Police The SS originally wore an all-black military uniform. Typically you will see them wearing a Nazi arm band on their left arm as many SS were members of the Nazi political party.
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What Does Annual Net Income Mean? Business Net Income. For businesses, net annual income, or net profit, equals the revenue a company generates in a year minus its costs such as purchases, production expenses, labor, taxes, interest expenses, overhead, utilities and other expenses. If a company has positive net income, it has recorded a profit.
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What does annual income mean? ANSWER #12 of 12. The phrase annual income means how much money you have made in a year. It either refers to how much you made before taxes are taken out or after taxes are taken out. Gross annual income refers to how much you made at a job that year before taxes and other deductions are taken out. Net annual income is how much you made that year after all the deductions are taken out. Try these searches instead:
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What Is the Definition of Median Household Income? Median vs. Mean. Median incomes are used as measures because they tend to more accurately represent what people make in a given area. Given the list of the five-household area with incomes ranging from $10,000 to $250,000, the average would be $76,400, calculated by adding up all five incomes and dividing by five.
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Household income in the United States The aggregate income measures the combined income earned by all persons in a particular income group. In 2007, all households in the United States earned roughly $7.723 trillion. One half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent. Over one quarter, 28.5%, of all income was earned by the top 8%, those households earning more than $150,000 a year.
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What Is the Definition of Median Household Income? Median household incomes are frequently used to determine housing affordability. According to the Census Bureau, a household refers to a single housing unit and all of the people that live in it. For example, a studio apartment, a half of a duplex, and a mansion are all considered a single household.
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- Average household income – often including the income of at least two people – is about $53,000 a year. The average single person white american income is about $15 an hour. If you are making anywhere north of $50,000 a year as an individual, you are definitely in the top 75% of earners.
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What is 'Household Income' Because many households consist of a single person, average household income is usually less than average family income, another frequently reported economic statistic, because a household consisting of a single person is not included in the average family income calculation. RELATED TERMS.
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What is 'Household Income' Household Income. What is 'Household Income'. Household income is the combined gross income of all the members of a household who are 15 years or older. Individuals do not have to be related in any way to be considered members of the same household.
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- HOUSEHOLD INCOME. Average (mean) equivalised disposable household income is the income that a single person household would require to maintain the same standard of living as the average person living in all private dwellings in Australia.
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Median income (Redirected from Median household income) Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. Median income can be calculated by household income, by personal income, or for specific demographic groups. 1 Gallup gross median household income.
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Member of Household Law and Legal Definition Member of Household Law and Legal Definition.  A member of household is defined by state and federal laws, which varies by jurisdiction. The Internal Revenue Service (IRS) defines a member of household as a person who is related to you or lives with you for the entire year as a member of your household. The IRS explains a member of household for tax purposes as follows:
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The 10 most iconic Maxine Waters moments in Maxine Waters' career Thanks to a canonical Elle write-up of a press conference Waters held where she dropkicked a mic, then set a whole room of reporters on fire, Waters has emerged as the leading figure of the Resistance. But she's more than a viral fad. Maxine Waters has a long history of being heroically Maxine Waters.
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What Is the Definition of Annual Household Income on a Credit Card Application? Annual Household Income. Annual household income is the combined gross pay -- before taxes are deducted -- of every income-contributing person in the home. The income can be from any source or multiple sources, such as part-time work or self-employment.